I'm assuming the 'pearliness' is a result of the gilding and how the photo was taken. However, I agree it does look more like a replica than the real thing, due to the depth of the strike, it's ... too perfect. Without seeing it in real life it's impossible to be certain however. I concur re the depth of strike, though note that the reverse is slightly off-centre which does add a bit of credibility. Definitely needs to be seen in the hand though. If genuine, you tend to get an uneven strike on most hammered coins, so when you see a consistently well struck coin you tend to smell a rat. If it then proves to be genuine, it's a case of drinks all round, though gilding doesn't help. Thanks for all the information. One side of the plume and crown is slightly worn, and there is a very faint sign of inside line underneath the writing on the other side. Under a loupe its far from perfect or well struck. If its real, how much is it likely to fetch?